Shiba Inu Signals 180% Price Surge as Altcoins Awaken

Shiba Inu (SHIB), a prominent altcoin, has exhibited a bullish divergence with its Moving Average Convergence Divergence (MACD) indicator, suggesting a potential 180% price increase. This development comes as analysts anticipate a broader awakening of altcoins, following a period of steady trading for Bitcoin (BTC) between $108,000 and $110,000. The bullish indicators for SHIB and other altcoins have been evident even before the recent Bitcoin Halving event, with several altcoins showing long-term price pump setups on their charts.

Among the altcoins that have shown consistent signals for a major pump are ONDO, FET, and SUI, which set new all-time high (ATH) prices last year. However, legacy altcoins such as ADA, SHIB, DOGE, VET, LTC, XRP, and ETH have yet to reclaim their previous ATH prices. Analysts are closely monitoring the price of Ethereum (ETH), as its performance is seen as a key indicator for the broader altcoin market. ETH has surged from a low of $1,700 to $2,700 and is expected to continue its upward trajectory, potentially leading to a significant altseason.

The anticipated pump in ETH prices is expected to drive other altcoins to new ATH targets. Analysts predict that Bitcoin Dominance will soon fall, allowing altcoins to take the lead and usher in the peak phase of the ongoing bull cycle. This sentiment is echoed by various analysts who confirm that altcoins are awakening, with a major breakout already completed. Shiba Inu, in particular, has shown a clear bullish divergence with its MACD, indicating a potential 180% upside to $0.000032, which could be just the beginning of a larger positive reversal.